Scottish Re subsidiary granted exclusivity extension to negotiate plan

By Caroline Salls

Pittsburgh, June 15 – Scottish Holdings, Inc. obtained an extension of its exclusive periods for filing and soliciting votes on a Chapter 11 plan, according to an order filed Friday with the U.S. Bankruptcy Court for the District of Delaware.

The company’s exclusive plan-filing period was extended through Sept. 25 and the solicitation period through Nov. 26.

“By this motion, the debtors seek to provide that they and their creditors will have adequate time to negotiate and pursue confirmation of the plan as efficiently as possible,” the motion said.

Scottish Re Group Ltd. is a Hamilton, Bermuda-based life reinsurance company. Its Cayman Islands and U.S. subsidiaries filed bankruptcy on Jan. 28 under Chapter 11 case number 18-10160.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.